Written answers
Tuesday, 29 November 2011
Department of Public Expenditure and Reform
Pension Provisions
9:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 195: To ask the Minister for Public Expenditure and Reform the revenue that would be raised by introducing a public service pension deduction at a rate of 15% and 20% respectively for pension payments in excess of €80,000; and if he will make a statement on the matter. [37704/11]
Brendan Howlin (Wexford, Labour)
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I have statutory responsibility for civil service pensions and for pensions paid from the Central Fund. Statutory responsibility for other public service pension schemes is a matter in the first instance for the respective Ministers in other Departments, as appropriate. In relation to the groups for which I have responsibility the revenues that would be raised by the introduction of a Public Service Pension Reduction (PSPR) rate of (i) 15% on pension payments in excess of €80,000 is estimated to be approximately €140,000 pa and (ii) a PSPR rate of 20% on pension payments in excess of €80,000 is estimated to realise approximately €370,000 pa.
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